Latest development Aug 12, 2026
The Ninth Circuit remanded on the effect of the Indian annulment.
The award
- Amount awarded
- $562.5M plus interest
- Current estimate
- More than $2B with interest (GAR, August 2026). U.S. judgment of about $1.29B (2020).
- Award holder
- Devas Multimedia and its Mauritian shareholders (CC/Devas and others)
- Respondent
- Antrix Corporation (commercial arm of the Indian Space Research Organisation)
- Forum
- ICC · seat India · U.S. enforcement (W.D. Wash., Ninth Circuit No. 20-36024)
Challenges
The Delhi High Court set the award aside in August 2022, and a division bench upheld that ruling in March 2023. Devas was ordered into liquidation in India on fraud grounds (not re-verified).
Enforcement
United States: the Supreme Court held on June 5, 2025 (CC/Devas v. Antrix) that the FSIA requires no minimum contacts. On August 12, 2026, the Ninth Circuit affirmed in part, holding that no U.S. nexus is needed and rejecting forum non conveniens, and remanded on the effect of the Indian annulment.
Recovered to date
None verified
Notes
Annulled at the seat. The U.S. court must decide whether to enforce it nonetheless.